Employment in the 2008–2009 recession
AbstractSUMMARYAfter some 15 years of near continuous job growth, the employment rate in the UK in 2008 stood at around 75 per cent of the working age population, a level which was broadly in line with previous employment peaks observed in 1989, 1978 or 1968. In 2005, the (ILO-based) unemployment rate fell below 5 per cent for the first time since the 1970s. Since then, the UK has experienced the worst recession since World War 2 in terms of output lost and the full effects of this on the labour market may not have yet been felt. However the impact on the labour market so far has been rather surprising given the patterns observed both in previous recessions and the contemporaneous experience of other industrialised countries. This article aims to chart the performance of the labour market through the recession and to explain the surprising patterns that have emerged. It also tries to assess the prospects for the next few years.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Economic & Labour Market Review.
Volume (Year): 4 (2010)
Issue (Month): 8 (August)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Thomas F. Crossley & Hamish Low & Cormac O'Dea, 2013.
"Household Consumption through Recent Recessions,"
Institute for Fiscal Studies, vol. 34(2), pages 203-229, 06.
- Thomas Crossley & Hamish Low & Cormac O'Dea, 2011. "Household consumption through recent recessions," IFS Working Papers W11/18, Institute for Fiscal Studies.
- Thomas F. Crossley & Hamish Low & Cormac O’Dea, 2011. "Household Consumption Through Recent Recessions," KoÃ§ University-TUSIAD Economic Research Forum Working Papers 1132, Koc University-TUSIAD Economic Research Forum.
- Thomas Crossley & Hamish Low & Cormac O'Dea, 2012. "Household consumption through recent recessions," IFS Working Papers W12/13, Institute for Fiscal Studies.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.